Community Arts Music Assn of Santa Barbara

Analysis

Community Arts Music Assn of Santa Barbara is a registered charity in United States, based in Sta Barbara, CA. It received its IRS tax-exemption ruling in November 1942, 84 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Community Arts Music Assn of Santa Barbara reported income of $2.0m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.1m to $2.0m (+79%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 93%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Arts Music Assn of Santa Barbara sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include John L Severance ($2.0m), The Overton Park Shell Inc ($2.0m) and Korean Cultural Center of Chicago ($2.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 55% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $249k (13% of expenses). Other salaries and wages came to $396k. At year end it held assets of $9.4m against liabilities of $524k, net assets of $8.9m. It reported 4 employees.